-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Goh Jin Hian, son of ex Singapore first family Goh Chok Tong, first tranche - criminal trial
- Thread starter Boonsiong
- Start date
Must have free transport and lunch.555
Judicial mercy;Place your bets now: will Goh Junior's punishment be greater or lesser than Edmund Chen's?
Goh Chok tong is old
Father and son are truly Singapore sons and have contributed immensely to Singapore
- Joined
- Aug 10, 2008
- Messages
- 111,825
- Points
- 113
Judicial mercy applies only when the accused is severely sick.
In a chat with Oo and Teo on Sept 24, 2018, Goh allegedly told them: “Guys, tell me how to do this, not why we can’t do it.
“I closed today’s shares at 0.26 by buying 1,100 shares. Same thing I’ve been telling the market maker. There is no need to break the bank to keep our shares up.”
“I closed today’s shares at 0.26 by buying 1,100 shares. Same thing I’ve been telling the market maker. There is no need to break the bank to keep our shares up.”
Some people are mentally sick, too greedy
So judicial mercy ok ?
- Joined
- Aug 20, 2022
- Messages
- 26,076
- Points
- 113
Maybe halfway thru the trial, he pleads guilty?
- Joined
- Jan 20, 2019
- Messages
- 1,481
- Points
- 113
Is the Court full house ?
- Joined
- Jan 22, 2014
- Messages
- 9,388
- Points
- 113
- Joined
- Aug 20, 2022
- Messages
- 26,076
- Points
- 113
PAP people loves to keep their sins low profilenot sure.
today msm totally quiet.
- Joined
- Oct 15, 2023
- Messages
- 19,240
- Points
- 113
Maybe can defer until Goh JH becomes too old to be imprisoned.
- Joined
- Jan 22, 2014
- Messages
- 9,388
- Points
- 113
Tiagong , LG is related to MM .
Not sure exactly , Roy maybe able to shed light
on this.
- Joined
- Jan 22, 2015
- Messages
- 4,385
- Points
- 113
not sure.
today msm totally quiet.
good read here :
Goh Jin Hian’s trial for market-rigging begins, following co-accused convictions
The criminal trial of Goh Jin Hian and Kelvyn Oo began on 4 February, 2026, following charges of false trading in New Silkroutes shares to support corporate acquisitions. Co-accused William Teo and Huang Yiwen have been sentenced.The Online Citizen4 Feb 2026
AI-Generated Summary
- Trial begins for ex-New Silkroutes CEO Goh Jin Hian and former CCO Kelvyn Oo on 4 February, 2026.
- Goh and three others were charged with false trading to inflate share prices for corporate deals.
- Co-accused William Teo and Huang Yiwen have already received prison sentences.
The criminal trial of former New Silkroutes Group chief executive Goh Jin Hian and former chief corporate officer Kelvyn Oo Cheong Kwan commenced on the afternoon of 4 February, 2026, at the State Courts in Singapore.
Both men are facing multiple charges under the Securities and Futures Act for alleged market manipulation aimed at artificially inflating New Silkroutes’ share price to facilitate corporate transactions.
The charges arise from a joint investigation by the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore, with alleged offences committed between 26 February and 27 August, 2018.
According to the prosecution, the accused, along with two other individuals, carried out a “sophisticated, well-coordinated and effective” scheme to manipulate the company’s share price.The intention was to enable New Silkroutes to use its shares as currency for acquisitions and to raise capital through the issuance of new equity.
The alleged market-rigging involved share buybacks conducted through the company’s corporate trading account.
New Silkroutes had engaged GTC Group, headed by co-accused Huang Yiwen, as a commercial market maker to maintain liquidity in its shares.
On 15 August, 2025, Huang was sentenced to two years, three months and two weeks in prison after pleading guilty to 24 charges, with an additional 88 taken into consideration.
Another accomplice, former finance director William Teo Thiam Chuan, received a 12-week prison sentence on 16 September, 2024, for manipulating the firm’s share prices.
Teo pleaded guilty, with 25 further charges taken into consideration. He was found to have played a “critical” role in the scheme, allegedly masterminded by Goh.
Goh, 56, was chief executive of New Silkroutes between 2015 and 2020. He is the son of former prime minister Goh Chok Tong.
Following his tenure as CEO, he served briefly as non-independent and non-executive chairman until stepping down in October 2020.
According to the police, each of the four accused was charged with 31 counts of conspiring to create a misleading appearance in the trading of New Silkroutes shares.
Goh also faces eight additional charges for placing orders through his personal DBS Private Bank account to artificially raise share prices on eight trading days between 31 August and 4 December, 2018.
Shares of New Silkroutes have been suspended from trading since 15 November, 2021.
Goh was granted bail of S$150,000, while Oo was granted bail of S$70,000.
If convicted under Section 197 of the Securities and Futures Act, they each face up to seven years in prison, a fine of up to S$250,000, or both.
Goh and Teo resigned from their positions in October 2020, shortly after the company disclosed that both were assisting CAD in its investigations.
Oo had resigned earlier, in August 2020.
New Silkroutes, once focused on oil trading and electronics distribution, pivoted to healthcare in 2016. In 2017, it acquired clinics and medical supply companies but was hindered by a weakening share price that year.
According to prosecutors, the share price manipulation was seen as a "quick and convenient way" to drive expansion and capital raising.
Separately, in June 2025, the Appellate Division of the High Court ruled in favour of Goh in a civil suit involving Inter-Pacific Petroleum (IPP), where he had served as director.
The liquidators of the insolvent marine fuel firm had accused Goh of negligence over US$146 million (S$185.6 million) in losses stemming from alleged sham transactions in 2019.
While the court agreed that Goh had breached his duty of care due to ignorance of IPP’s business operations, it found the company had not proven his breach caused the financial loss.
Goh had described the civil suit as an attempt to “scapegoat” him.
Similar threads
